Common use of Carryover Reserve Fund Clause in Contracts

Carryover Reserve Fund. (a) On the Closing Date, the Trustee shall establish and maintain in its name, in trust for the benefit of the Holders of the LIBOR Certificates, a Carryover Reserve Fund, into which $1,000 shall be deposited upon receipt of such funds. The Carryover Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. The Carryover Reserve Fund shall not be an asset of any REMIC established by this Agreement. (b) The Trustee shall withdraw funds from the Carryover Reserve Fund for distribution to the LIBOR Certificates and the Class C Certificates in the manner specified in Section 4.02(e) (and to withhold from the amounts so withdrawn the amount of any taxes that it is authorized to retain pursuant to the third paragraph of Section 8.11). In addition, the Trustee may from time to time make withdrawals from the Carryover Reserve Fund for the following purposes: (i) to withdraw any amount deposited in the Carryover Reserve Fund and not required to be deposited therein; and (ii) clear and terminate the Carryover Reserve Fund upon the termination of this Agreement pursuant to Section 9.01. (c) Funds in the Carryover Reserve Fund shall not be invested. (d) Upon termination of the Trust Fund any amounts remaining in the Carryover Reserve Fund shall be distributed to the Class C Certificates and will not be available to cover any Net Rate Carryover on subsequent Distribution Dates.

Carryover Reserve Fund. (a) On the Closing Date, the Trustee shall establish and maintain in its name, in trust for the benefit of the Holders of the LIBOR Certificates, a Carryover Reserve Fund, into which Deutsche Bank Securities Inc. shall deposit $1,000 shall be deposited upon receipt of such funds1,000. The Carryover Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. The Carryover Reserve Fund shall not be an asset of any REMIC established by this Agreement. (b) The Trustee shall withdraw funds from the Carryover Reserve Fund for distribution to the LIBOR Certificates and the Class C Certificates in the manner specified in Section 4.02(e) (and to withhold from the amounts so withdrawn the amount of any taxes that it is authorized to retain pursuant to the third second to last paragraph of Section 8.11). In addition, the Trustee may from time to time make withdrawals from the Carryover Reserve Fund for the following purposes: (i) to withdraw any amount deposited in the Carryover Reserve Fund and not required to be deposited therein; and (ii) clear and terminate the Carryover Reserve Fund upon the termination of this Agreement pursuant to Section 9.01. (c) Funds in the Carryover Reserve Fund shall not be invested. The Class C Certificates shall evidence ownership of the Carryover Reserve Fund for federal income tax purposes. (d) Upon termination of the Trust Fund any amounts remaining in the Carryover Reserve Fund shall be distributed to the Class C Certificates Deutsche Bank Securities Inc. and will not be available to cover any Net Rate Carryover on subsequent Distribution Dates.

Carryover Reserve Fund. (a) On the Closing Date, the Trustee shall establish and maintain in its name, in trust for the benefit of the Holders of the LIBOR Certificates, a Carryover Reserve Fund, into which $1,000 shall be deposited upon receipt of such funds. The Carryover Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. The Carryover Reserve Fund shall not be an asset of any REMIC established by this Agreement. (b) The Trustee shall withdraw funds from the Carryover Reserve Fund for distribution to the LIBOR Certificates and the Class C Certificates in the manner specified in Section 4.02(e) (and to withhold from the amounts so withdrawn the amount of any taxes that it is authorized to retain pursuant to the third paragraph of Section 8.11). In addition, the Trustee may from time to time make withdrawals from the Carryover Reserve Fund for the following purposes: (i) to withdraw any amount deposited in the Carryover Reserve Fund and not required to be deposited therein; and (ii) clear and terminate the Carryover Reserve Fund upon the termination of this Agreement pursuant to Section 9.01. (c) Funds in the Carryover Reserve Fund shall not be invested. (d) Upon termination of the Trust Fund any amounts remaining in the Carryover Reserve Fund shall be distributed to the Class C Certificates and will not be available to cover any Net Rate Carryover on subsequent Distribution Dates.

Carryover Reserve Fund. (a) On the Closing Date, the Trustee shall establish and maintain in its name, in trust for the benefit of the Holders of the LIBOR Certificates, a Carryover Reserve Fund, into which $1,000 shall be deposited upon receipt of such funds. The Carryover Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. The Carryover Reserve Fund shall not be an asset of any REMIC established by this Agreement. (b) The Trustee shall withdraw funds from the Carryover Reserve Fund for distribution to the LIBOR Certificates and the Class C Certificates in the manner specified in Section 4.02(e) (and to withhold from the amounts so withdrawn the amount of any taxes that it is authorized to retain pursuant to the third second to last paragraph of Section 8.11). In addition, the Trustee may from time to time make withdrawals from the Carryover Reserve Fund for the following purposes: (i) to withdraw any amount deposited in the Carryover Reserve Fund and not required to be deposited therein; and (ii) clear and terminate the Carryover Reserve Fund upon the termination of this Agreement pursuant to Section 9.01. (c) Funds in the Carryover Reserve Fund shall not be invested. (d) Upon termination of the Trust Fund any amounts remaining in the Carryover Reserve Fund shall be distributed to the Class C Certificates and will not be available to cover any Net Rate Carryover on subsequent Distribution Dates.

Carryover Reserve Fund. (a) On the Closing Date, the Trustee shall establish and maintain in its name, in trust for the benefit of the Holders of the LIBOR Certificates, a Carryover Reserve Fund, into which $1,000 shall be deposited upon receipt of such funds. The Carryover Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. The Carryover Reserve Fund shall not be an asset of any REMIC established by this Agreement. (b) The Trustee shall withdraw funds from the Carryover Reserve Fund for distribution to the LIBOR Certificates and the Class C Certificates in the manner specified in Section 4.02(e) (and to withhold from the amounts so withdrawn the amount of any taxes that it is authorized to retain pursuant to the third second to last paragraph of Section 8.11). In addition, the Trustee may from time to time make withdrawals from the Carryover Reserve Fund for the following purposes: (i) to withdraw any amount deposited in the Carryover Reserve Fund and not required to be deposited therein; and (ii) clear and terminate the Carryover Reserve Fund upon the termination of this Agreement pursuant to Section 9.01. (c) Funds in the Carryover Reserve Fund shall not be invested. The Class C Certificates shall evidence ownership of the Carryover Reserve Fund for federal income tax purposes. (d) Upon termination of the Trust Fund any amounts remaining in the Carryover Reserve Fund shall be distributed to the Class C Certificates and will not be available to cover any Net Rate Carryover on subsequent Distribution Dates.

Carryover Reserve Fund. (a) On the Closing Date, the Trustee shall establish and maintain in its name, in trust for the benefit of the Holders of the LIBOR Certificates, a Carryover Reserve Fund, into which $1,000 shall be deposited upon receipt of such funds. The Carryover Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. The Carryover Reserve Fund shall not be an asset of any REMIC established by this Agreement. (b) The Trustee shall withdraw funds from the Carryover Reserve Fund for distribution to the LIBOR Certificates and the Class C Certificates in the manner specified in Section 4.02(e) (and to withhold from the amounts so withdrawn the amount of any taxes that it is authorized to retain pursuant to the third paragraph of Section 8.11). In addition, the Trustee may from time to time make withdrawals from the Carryover Reserve Fund for the following purposes: (i) to withdraw any amount deposited in the Carryover Reserve Fund and not required to be deposited therein; and (ii) clear and terminate the Carryover Reserve Fund upon the termination of this Agreement pursuant to Section 9.01. (c) Funds in the Carryover Reserve Fund shall not be invested. (d) Upon termination of the Trust Fund any amounts remaining in the Carryover Reserve Fund shall be distributed to the Class C Certificates Credit Suisse Securities (USA) LLC and will not be available to cover any Net Rate Carryover on subsequent Distribution Dates.